Orion180 prices $240M IPO on Nasdaq
What's the deal? Orion180 Insurance GroupDealroom has a profile for this one. Try Dealroom → has priced its initial public offering at $12.00 per share, raising $240 million by selling 20,000,000 shares of Class A common stock. The Florida-based homeowners and flood insurance provider is set to begin trading on the Nasdaq Global Select Market on September 18, 2026, under the ticker "OIG."
The details: Underwriters hold a 30-day option to buy up to 3,000,000 additional shares at the offering price. RBC Capital MarketsDealroom has a profile for this one. Try Dealroom →, UBS Investment BankDealroom has a profile for this one. Try Dealroom →, and Raymond James are lead book-running managers, with Goldman SachsDealroom has a profile for this one. Try Dealroom →, Deutsche Bank SecuritiesDealroom has a profile for this one. Try Dealroom →, Citizens Capital MarketsDealroom has a profile for this one. Try Dealroom →, and Texas Capital SecuritiesDealroom has a profile for this one. Try Dealroom → also on the deal. The offering is expected to close on September 21, 2026.
What's the endgame? Founded in 2018, Orion180Dealroom has a profile for this one. Try Dealroom → has grown into the second-largest excess and surplus lines homeowners insurance provider in the US by direct written premiums. It operates in 14 states and distributes through more than 14,000 active independent agents as of June 30, 2026.
Why now? The company describes itself as a technology-focused, high-growth specialty insurer built around its proprietary MY180 platform for real-time, data-driven decisions. A public listing gives the founder-led firm capital to extend its footprint across homeowners, private flood, and ancillary products.
The signal: Orion180 is stepping onto public markets in a segment reshaped by climate risk, where insurers are retreating from disaster-prone states even as demand for flood and homeowners cover rises. Its debut tests investor appetite for specialty carriers betting that technology and the excess and surplus market can price risks traditional insurers have shed.
Read more: benzinga.com
Image credit: Generated with Gemini
